Attracting Amazon: Company has garnered billions of dollars in government incentives nationwide

  • 📰 Florida Times-Union
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Some Florida communities have used incentives to sweeten the pot to attract Amazon. Do they really need to?

Former Florida Gov. Rick Scott — who made job creation a top priority while in office — initially rejected state incentives to lure Amazon’s first major fulfillment centers to the state back in 2013.

Florida’s economic development portal shows that Amazon got $744,000 in state incentives for that project through a now-defunct Qualified Target Industry — or QTI — tax refund program. The deal includes a package of property tax, sales tax and mortgage recording tax exemptions for Amazon, which is building the Niagara facility as a center for coordinating distribution of products to smaller centers for ultimate delivery to customers.

Greg LeRoy. executive director of Good Jobs First, submitted testimony to the Niagara County Industrial Development Agency critical of the Amazon grant and the agency’s cost-benefit study. The Good Jobs First Amazon incentives tracker lists the Niagara County tax break to Amazon as the sixth-largest ever provided to the company. The top 5 are:Markham, Cook County, Illinois: $322 million for a distribution center project.Hermison, Umatilla County, Oregon: $176 million for five data centers.Attracting Amazon:Earlier this year, New York State Sen.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

no

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 600. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tempe cybersecurity company Bishop Fox extends series B funding haul by $46MThe firm claims its team of security experts is the largest and most experienced group of offensive security professionals worldwide. tempe phoenix cybersecurity
Source: phxbizjournal - 🏆 254. / 63 Read more »

Jack Daniel’s maker takes Arizona company to court over spoof dog toyThe company that makes Jack Daniel's is howling mad over a squeaking dog toy that parodies the whiskey's signature bottle. Now, the liquor company is barking at the door of the Supreme Court. Seriously? Wahh 🥲😂
Source: abc15 - 🏆 263. / 63 Read more »

Book review: Bravo CompanyB Company, Second Battalion, 508th Parachute Infantry Regiment served in the Arghandab District of Kandahar Province, Afghanistan, in 2009-10. Those were two of the deadliest years in the United States's war in Afghanistan. Along with Helmand and Kunar provinces, Kandahar was among the deadliest…
Source: dcexaminer - 🏆 6. / 94 Read more »

Ticketmaster apology: Entertainment company apologizes for Taylor Swift ticketing debacleOn Thursday, Ticketmaster announced that the sale to the general public, which was scheduled for Friday, had been canceled due to 'extraordinarily high demands on ticketing systems and insufficient remaining ticket inventory to meet that demand.' Ticketmaster only apologizing cause their scam is getting exposed and now the government is looking at the monopoly those criminals built. What did Ticketmaster say ? Just “ shake it off “ 😂😂😂
Source: ABC7Chicago - 🏆 284. / 63 Read more »